All Posts Tagged With: "CNX"
(XLE) Stock Market News for January 24, 2012 – Market News
Markets hovered around break-even levels on Monday as encouragement from the energy sector balanced apprehensions over Greece’s debt negotiations. With no major economic data or earnings results from any bellwether coming to forefront, benchmarks took a pause a day ahead of...
24Jan2012 | vitalstocks | 0 comments | Continued(AEP) Coal Industry Stock Review – December 2011 – Industry Outlook
Coal has been used for nearly as long as mankind has thrived, for everything including cooking, making clay pots, heating, as fuel to run steam-powered trains, to make weapons, heating homes, generating electricity, powering railroads and boats, and fueling factories. Today,...
15Dec2011 | vitalstocks | 0 comments | Continued(CVX) Utica Shale Drilling Permits Skyrocket in September
by Justin Dove, Investment U Research Thursday, October 13, 2011 On Tuesday, the U.S. Energy Information Agency (EIA) released a report about the sharp increase in Ohio shale drilling permits. Steve McDonald recently wrote about the land value increases occurring in the region. As...
17Oct2011 | InvestmentU | 0 comments | Continued(CHK) Utica Shale Could Generate 204,500 Jobs
by Justin Dove, Investment U Research Thursday, September 29, 2011 The Ohio Oil and Gas Energy Education Program (OOGEEP) released a very bullish projection this month on the economic impact of Utica shale activity in the region. The report predicted that Utica shale production...
30Sep2011 | InvestmentU | 0 comments | Continued(CNX) CONSOL Energy Guides for a Stronger Finish
Diversified fuel producer CONSOL Energy Inc. (CNX) provided guidance for coal exports in the range of 10 to 10.5 million tons for 2011, up from the initial coal exports outlook of 10 million tons. CONSOL Energy is quite confident that the export market will remain strong for...
24Sep2011 | vitalstocks | 0 comments | Continued(WLT) Walter Energy Misses on Weather Woes
Second quarter operating earnings for Walter Energy Inc. (WLT) came in at $2.36 per share, falling substantially short of the Zacks Consensus Estimate of $4.09. Such a miss stemmed from difficult geology in Alabama and weather-related challenges at both Alabama and Northeast...
5Aug2011 | vitalstocks | 0 comments | Continued(ACI) Coal Industry Stock Review – August 2011 – Industry Outlook
The rebound phase for the coal industry from the 2008-2009 turmoil continued in 2011. The global economic outlook started improving following the turmoil of late 2008. The U.S. economy came out of the recession in the summer of 2009 and has been in a recovery mode since then,...
2Aug2011 | vitalstocks | 0 comments | Continued(CNX) CONSOL Energy Closes Uncompetitive Mine
Coal and natural gas company CONSOL Energy Inc. (CNX) announced the closure of its Mine 84, located near Washington, Pennsylvania. The company said the mine which had been in operation for decades producing thermal and metallurgical coal is no longer competitive. The company...
30Jun2011 | vitalstocks | 0 comments | Continued(BTU) Peabody Energy Acquires Australian Mine
Coal miner Peabody Energy Corp. (BTU) has signed an acquisition deal with Thiess Investments Pty Ltd to buy the remaining 5% joint venture interest in an Australian coal mine, the Burton Mine, for AU$35 million. Peabody had acquired 95% of Burton in April 2004. The acquisition...
30Jun2011 | vitalstocks | 0 comments | Continued(NRP) Natural Resource Partners L.P. Unit Issuing Senior Notes
Natural Resource Partners L.P. (NRP) announced that its subsidiary NRP (Operating) LLC issued the previously announced $50 million of senior notes yielding interest of 5.03% per year and maturing on December 1, 2026. The partnership intends to utilize the proceeds to fund future...
20Jun2011 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources Sells Unit
Freewest Resources Canada Inc., a wholly owned subsidiary of Cliffs Natural Resources Inc. (CLF) entered into an agreement to sell its two mineral properties to Viking Gold Exploration Inc. (TSXV:VGC), subject to the approval of the TSX Venture Exchange and certain other closing...
10Jun2011 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources Restarts Mining at Oak Grove
Cliffs Natural Resources Inc. (CLF) announced that it has resumed underground mining at its Oak Grove coal mine in Alabama but was not able to ship coal from the site because of damage to the above-ground facilities. On April 27, 2011, severe weather and a tornado had snapped...
10May2011 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources Reports Excellent First Quarter
Amidst seasonally slow quarter, Cliffs Natural Resources Inc. (CLF) posted record revenues and earnings in the first quarter of 2011. Net earnings of $423 million or $3.11 per share in the first quarter were 449%, above last year’s $77 million or 57 cents. Earnings surpassed...
3May2011 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources Settles Dispute with ArcelorMittal
North America’s largest iron-ore producer,Cliffs Natural Resources Inc. (CLF), reached an agreement with steel giant ArcelorMittal (MT) to settle disputes over price reopener entitlements for 2009 and 2010 and pellet. Cliffs will get a payment of around $250 million to $270...
13Apr2011 | vitalstocks | 0 comments | Continued(GDP) Coal Industry Outlook – March 2011 – Industry Outlook
The outlook for the coal industry has taken a turn after the long spell of weakness experienced in 2008 and 2009, driven by several powerful trends in the U.S. and Asia. Recent economic indicators suggest that the U.S. economy is regaining its stability, and sees a rebound in...
17Mar2011 | vitalstocks | 0 comments | Continued(BTU) Peabody Energy Improves Asian Exports
St. Louis-based Peabody Energy Corporation (BTU) has signed an agreement with Indonesia’s PT Cahaya Energi Mandiri (CEM) to source 2 million tons of coal to improve exports. Indonesia is the world’s largest supplier of seaborne thermal coal. Peabody said that the...
4Mar2011 | vitalstocks | 0 comments | Continued(CNX) CONSOL Energy Reports Increased Proven Gas Reserves
Diversified fuel producer CONSOL Energy Inc. (CNX) revealed details about its reserves for 2010. The proved gas reserves of the company increased to 3.7 trillion cubic feet (Tcf) in 2010 from 1.9 Tcf at the end of 2009. Of the total reserves under the company 52% are proved developed...
11Feb2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for Feb 02, 2011 – Market News
Markets rose to fresh new highs as positive economic data and strong earnings results from energy stocks led the rally. The Dow closed above the 12,000 mark for the first time since June 2008 thanks to strong gains by Exxon Mobil (NYSE:XOM), Alcoa (NYSE:AA) and Pfizer (NYSE:PFE)....
2Feb2011 | vitalstocks | 0 comments | Continued(EIA) Coal Industry Outlook – October 2010 – Industry Outlook
The outlook for the coal industry has revived materially from the weakness experienced in 2008 and 2009, driven by several powerful trends in the U.S. and Asia. Various recent economic indicators suggest that the U.S. economy regaining its stability, bringing about a rebound...
21Oct2010 | vitalstocks | 0 comments | Continued(MWE) MarkWest Starts Majorsville Project
MarkWest Liberty Midstream & Resources L.L.C and NiSource Midstream Services (‘NMS”) announced the start-up of operations for projects in the Majorsville Processing complex in West Virginia. MarkWest Liberty Midstream & Resources is a joint venture of MarkWest Energy...
3Oct2010 | vitalstocks | 0 comments | Continued(BTU) Peabody Energy Forms Mongolian Joint Venture
Coal producer Peabody Energy Corp. (BTU) joined forces with Winsway Coking Coal Holdings Ltd. to form a Mongolian joint venture. The collaboration, Peabody-Winsway Resources, was formed after Winsway acquired a 50% interest in the joint venture from Polo Resources. Winsway is...
4Jul2010 | vitalstocks | 0 comments | Continued(BTU) Coal Industry Review & Outlook – June 2010 – Industry Outlook
Our near-term (6-18 months) outlook for the coal industry has improved somewhat from our previous neutral sentiment to a more positive undertone. Various recent economic indicators suggest that the U.S. economy appears to be stabilizing. According to the U.S. Energy Information...
22Jun2010 | vitalstocks | 0 comments | Continued(ACI) Arch Coal Restarts Production Dugout Canyon Mine in Carbon County
Canyon Fuel Company, a subsidiary of Arch Coal Inc. (ACI), has resumed coal production at its Dugout Canyon Mine in Carbon County, Utah. The production has been restarted with all mining equipment Incorporatedluding the main long-wall mining system. Following the detection of...
25May2010 | vitalstocks | 0 comments | Continued(CNX) CONSOL Energy Gets Government Approval of Dominion Resources Deal
Coal producer CONSOL Energy Inc. (CNX) announced that the federal government has approved its previously announced acquisition of Dominion Resources Inc.’s (D) Appalachian oil and gas exploration and production business, except for certain assets located in natural gas...
31Mar2010 | vitalstocks | 0 comments | Continued(CNX) CONSOL Energy Buys CNX Gas Corporation Stakes
Coal and natural gas company, CONSOL Energy Inc. (CNX), has entered into an agreement to buy 9.5 million shares of CNX Gas Corporation (CXG) from stockholders represented by T. Rowe Price Associates (TROW). CONSOL Energy currently owns 83.3% of CNX Gas’ 151 million outstanding...
25Mar2010 | vitalstocks | 0 comments | Continued(CNX) CONSOL Energy Buys Part of Dominion Resources’ Business
Coal producer CONSOL Energy Inc. (CNX) agreed to buy the Appalachian exploration and production business of Dominion Resources Inc. (D) for $3.475 billion in cash. This acquisition will substantially increase CONSOL’s natural gas reserves and production capacity – further...
18Mar2010 | vitalstocks | 0 comments | Continued(BHP) Thermal Coal Investments: China Fires Up a New Age for This Commodity
by Tony Daltorio, Investment U Research Monday, February 1, 2010 The price of thermal coal recently broke through the psychological $100 barrier for the first time in more than a year, just as a wave of brutally cold weather and heavy snow hit China. That storm disrupted mining...
1Feb2010 | InvestmentU | 0 comments | Continued(CNX) CONSOL Energy Reports Better Than Expected Earnings
Coal producer CONSOL Energy Inc. (CNX) posted earnings from continuing operations of 78 cents per share in the fourth quarter, higher than the Zacks Consensus Estimate of 74 cents but below the 97 cents reported a year ago. The better-than-expected results came on the back of...
30Jan2010 | vitalstocks | 0 comments | Continued(CNX) CONSOL Energy Sells First Coal to China
Coal and natural gas company CONSOL Energy Inc. (CNX) made its first sale of high-volume coking coal to Asia from its Bailey Mine in Northern Appalachia. The sale was made by Xcoal, the exclusive representative of CONSOL in Asia, as a result of an Asian Marketing Initiative announced...
12Jan2010 | vitalstocks | 0 comments | Continued(CNX) CONSOL Energy’s Fola to Resume Operations
Yesterday, Judge Robert C. Chambers, of the United States District Court for the Southern District of West Virginia, ruled that CONSOL Energy Inc’s (CNX) Fola Operations near Bickmore, West Virginia, can continue operations past the judge’s previously imposed deadline...
30Dec2009 | vitalstocks | 0 comments | Continued